Quote:
Originally Posted by Biggd
I know this is a Lake Winnipesaukee forum but I don't believe I said everyone is buying vacation homes around Lake Winni with cash from their primary home.
A vacation home can be anywhere people go to vacation. The economy doesn't revolve around just NH.
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OK that’s fine it’s not New Hampshire it’s all over the country but you show me where you found the statistics that say most people are cashing out the equity in their primary residence to buy vacation homes for cash. I just don’t think it’s true. honestly I think it’s nonsense.
And we could all speculate on whether they’ll be a recession or a large correction and the prices of real estate will plummet none of us knows for sure and as we seen recently the government and businesses alike including banks will do everything they can to try to avoid going into an extended term recession.
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